SEGMENT REPORTING (Tables)

9 Months Ended

Jul. 27, 2014

Schedule of operating profit and other financial information

	Three Months Ended						Nine Months Ended
(in thousands)	July 27, 2014			July 28, 2013			July 27, 2014			July 28, 2013
Sales to Unaffiliated Customers
Grocery Products	$	359,549		$	370,297		$	1,153,099		$	1,097,942
Refrigerated Foods	1,192,624			1,068,587			3,432,289			3,143,358
Jennie-O Turkey Store	382,647			367,125			1,162,472			1,142,198
Specialty Foods	216,406			240,512			629,561			720,048
International & Other	133,721			113,004			395,064			324,906
Total	$	2,284,947		$	2,159,525		$	6,772,485		$	6,428,452

Intersegment Sales
Grocery Products	$	-		$	-		$	-		$	-
Refrigerated Foods	3,451			4,654			15,798			10,393
Jennie-O Turkey Store	35,128			29,559			105,127			89,542
Specialty Foods	47			23			99			76
International & Other	-			-			-			-
Total	$	38,626		$	34,236		$	121,024		$	100,011
Intersegment elimination	(38,626		)	(34,236		)	(121,024		)	(100,011		)
Total	$	-		$	-		$	-		$	-

Net Sales
Grocery Products	$	359,549		$	370,297		$	1,153,099		$	1,097,942
Refrigerated Foods	1,196,075			1,073,241			3,448,087			3,153,751
Jennie-O Turkey Store	417,775			396,684			1,267,599			1,231,740
Specialty Foods	216,453			240,535			629,660			720,124
International & Other	133,721			113,004			395,064			324,906
Intersegment elimination	(38,626		)	(34,236		)	(121,024		)	(100,011		)
Total	$	2,284,947		$	2,159,525		$	6,772,485		$	6,428,452

Segment Operating Profit
Grocery Products	$	33,781	$	52,962	$	145,013	$	150,170
Refrigerated Foods	90,028		44,769		250,724		153,239
Jennie-O Turkey Store	64,756		45,623		177,109		156,567
Specialty Foods	17,378		23,170		57,767		72,898
International & Other	18,696		16,692		62,116		49,421
Total segment operating profit	$	224,639	$	183,216	$	692,729	$	582,295

Net interest and investment expense (income)	1,522		3,577		6,842		6,887
General corporate expense	11,174		2,833		27,242		19,228
Noncontrolling interest	1,039		270		2,765		2,720

Earnings before income taxes	$	212,982	$	177,076	$	661,410	$	558,900

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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